Welker’s talks with the New England Patriots broke down Tuesday night, opening the door for the veteran receiver in Denver.

The Patriots were hoping there wouldn't be a big outside market for Welker, who turns 32 in May. The Broncos, however, were an attractive option for Welker, who will have a chance to play with another elite quarterback, Peyton Manning.

By signing Welker, the Broncos add another weapon to their passing game while taking one away from another top AFC contender. With rising stars Demariyus Thomas and Eric Decker on the outside, Welker will settle into the slot and make a big impact.